AMZN Shares Experience 9-Day Losing Streak Amid Capex Concerns

Amazon.com Inc. (AMZN) shares posted their longest consecutive losing streak since July 2006, closing the week 9 days in the red. The stock is down 18% over the stretch, erasing about $463 billion in market value and reaching its lowest close since May. The decline follows the company's announcement of $200 billion in capital expenditures this year on data centers and chips, intensifying investor concern over potential negative cash flow and high spending on AI initiatives. The four largest AI-spending tech companies—Amazon, Alphabet (GOOGL), Microsoft (MSFT), and Meta (META)—are forecasting about $650 billion in combined capital expenditures in 2026, which has pressured the Nasdaq 100 Index (down 3.2% in February). AMZN shares are down 17% this month, the largest monthly percentage drop since April 2022.